Locus Chain Foundation Launches Fourth Generation Blockchain Technology

Information Technology Press Releases Wednesday May 2, 2018 11:55
DUBAI, UAE--2 May--PRNewswire/InfoQuest

Locus Chain Foundation, a Singapore-headquartered organization, has announced the launch of the fourth generation of blockchain technology. In a global first, the technology will enable a secure transaction - end-to-end - to be concluded in under two seconds irrespective of the broadband speed.

(Photo: https://mma.prnewswire.com/media/684345/Locus_Chain.jpg )
Locus Chain Foundation is led by Mr. Sang Yoon Lee, the gaming legend from South Korea.
The Foundation is a transformative force for the emerging new global financial ecosystem backed by industry-engaged experts with more than 20 years of expertise.

Locus Chain Foundation is expanding its technology to offer tools and services to strengthen the capacity of grantees in charity fundraising, resource development, crowdfunding and access to donor and foundation databases via its technical platform

Sang Yoon Lee, President and CEO, Locus Chain, said, "We are very proud to launch the fourth generation of blockchain technology with cutting-edge security access and transaction with biometric inputs. We are now applying the blockchain technology, which seemed to be far away from the real world, to real life and develop it as a technology that anyone can use. Our team forms a unique blend of technology, finance, business and humanitarian talent."

The Foundation has announced the setting up of a funding mechanism that will use the fourth generation blockchain technology to help beneficiaries receive funds directly in the form of crypto assets. This is, perhaps, for the first time that such a large-scale initiative is being implemented by utilizing blockchain technology.

The Foundation, which has already raised a significant amount, has signed partnerships with many organizations from around the world. Along with its partners, the Foundation will implement the funding mechanism to help the causes.

Keun Young Kim, Founder, Locus Chain, said, "Very few are willing to take a risk as the initial funder. They want a safe bet. Locus Chain Foundation believes that the given technology elevates awareness of these emerging leaders and its services and programs. it will spur others to provide additional support, creating a ripple effect in the community based on the clearance."

"We believe that our secure and reliable technology, with transparency, traceability and seamless connectivity is a key foundational component to enable us in uplifting people and caring for our future generation regardless of geographical boundaries," he added.

Source: Locus Chain Foundation

Latest Press Release

Symphony Communication launched Direct Internet Service Support and Enhance the Digital Economy in Thailand 4.0

Symphony Communication Public Company Limited, the leading provider of high-speed communication service had launched its new service, Direct Internet Service for enterprise clients which will enable seamless data and internet connectivity backed with...

WeDo Technologies เตรียมเปิดตัว Business Assurance Marketplace Catalyst ในงาน TMF Asia

WeDo Technologies ผู้นำระดับโลกด้านการประกันรายได้ และการจัดการการทุจริต เตรียมนำเสนอโครงการ Open AI Business Assurance Marketplace Catalyst Project ในงาน Digital Transformation Asia ของ TM Forum ซึ่งจัดขึ้นที่กรุงกัวลาลัมเปอร์...

WeDo Technologies to Showcase Business Assurance Marketplace Catalyst at TMF Asia

WeDo Technologies - worldwide leader in revenue assurance and fraud management - will be showcasing the Open AI Business Assurance Marketplace Catalyst Project at TM Forum's Digital Transformation Asia, held in Kuala Lumpur, Malaysia November 13-15. TM...

World#s Leading Show for Advance Materials to be held from Dec. 5 - 7, 2018 in Japan

Reed Exhibitions Japan Ltd., Japan's largest trade show organiser, will be holding "9th Highly-functional Material Week [Tokyo]", the world's leading show for advanced materials from Dec. 5 - 7, 2018 at Makuhari Messe, Japan. (Held in every April at...

Chinese Consortium Chain FISCO BCOS Debuts at Singapore Fintech Festival: First Move to Take a Global Challenge

FISCO BCOS (in the following referred to as BCOS), an opensource blockchain platform, made its debut exhibition at the Singapore FinTech Festival today. The financial blockchain infrastructure platform developed by a Chinese consortium of FinTech...

Related Topics